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Sagot :
The Total cost of ownership is the cost needed to own a product, consisting of the initial purchase cost and follow-up maintenance/service cost.
What does maintenance/service cost?
Maintenance cost can be defined as the price that is being performed in the course that is being incurred mostly on the assets and is a service that needs to be paid.
The total cost of ownership is the cost that is considered the final cost of a product or a service.
This means that if machinery is being purchased attend the insurance of that machinery the installation and the financing all is included in the cost of ownership, this is the amount that the owner paid for getting the machine.
Learn more about maintenance/service cost, here:
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